Studied by 1 personWhat is flexible working?
Working arrangements where employees have options in terms of working time, working location and the pattern of working
What are examples of flexible working options?
Part-time working
Term-time working
Working from home
Flexitime
Career breaks
Job sharing
Annual hours contracts
Mobile working
Shift swapping
What is the most popular type of working in the UK?
Part-time working
What are the second most popular types of flexible working?
Job sharing
Flexitime
Working from home
What is the ‘Gig economy’?
Significant rise in the extent of self-employment
Firms in the Gig Economy have a more flexible operation which is better able to match work with consumer demand
Do flexible working options help businesses attract and retain employees compared with self-employment?
What are the main benefits of flexible working for a business?
Cost- Potentially significant savings on fixed costs (e.g less space) and lower recruitment and training (if labour retention improves)
Higher job satisfaction and employee morale if employees who want to work flexibly are allowed to do so
May attract more applicants for available jobs
Better customer service- e.g. ability to offer 24/7 services
What are the drawbacks of flexible working for a business?
More complex to manage
Investment required in technology and other support to make flexible working effective
Potential impact on motivation from greater remote working (e.g. increased isolation, work/life balance)
Loss of capacity/capability if key employees reduce their hours
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